The Effects of Divorce on Taxes: What You Need to Know
Going through a divorce can be a tough, long, and more often than not, complicated process. In the US, more than 40% of marriages end up filing for a divorce at…
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If You Are a Business Owner, These Are the Taxes Your Company Must Pay
Having our own business comes with many different challenges and responsibilities and making sure we overcome all of them while remaining compliant with all our requirements can be tough at…
How to Pay and Deduct Property Taxes as Small Business Owners
Just as individuals do, businesses have to pay taxes on any property they own, including land and buildings, and it might be a bit tricky for small business owners who have just…
4 Simple Steps for Small Businesses to File Their Federal Income Taxes
One of the biggest responsibilities for business and corporations, regardless, is ensuring compliance when filing their income tax report. Since failing to do so, either by mistake or intentionally, can…
Deductible Business Expenses You Should Take Advantage Of
As many of us are aware of, there are many business expenses that can be deducted from our taxes, whether we are self-employed, or we are owners of our own…
These Are Some Self-Employment Tax Advantages of S Corporations
Self-employment taxes tend to be one of the biggest challenges for freelancers, startups, and anybody working from home or on a business of their own and are usually subject to…
These Are Some of the Tax Deductions Corporations Can Take Advantage Of
Being a business corporation comes with many advantages, including several tax deductions that the IRS allows for expenses that are needed to keep our operations going. There are different types…
Even When Filing Season Is Over, Tax Scams Are Still A Real Danger
With the summer being so close, one of the last things on our minds would be tax season, since most of us took care of our income tax report a…
Do You Need to Amend Your Tax Return? Here’s What You Should Do
Tax season ended a couple of months ago, and many of us have started to think ahead and prepare for next year’s taxes instead. However, we might want to go…
You Can Save On Taxes and Health Care Costs Thanks to Health Savings Accounts
When the time for retirement comes, we must be prepared to cover our everyday expenses but without the same income as we used to have. One of the biggest challenges…
Standard vs. Itemized Deductions: Which Should You Choose?
At this time of the year, forgetting about our income tax report might be tempting, leaving the stress for either the end of the year or for when the due…
What You Need to Know About Deducting Your Medical Expenses
Medical expenses can represent a significant portion of our yearly income, with the average American spending almost $10,000 a year on health care. This might sound like quite a financial…